ASA in trouble, to change hands

UPDATE #2 This rumor is upgraded to 'fact' today. See hot news item. 12/14/04 The Daytona Beach News Journal reported today that a former NASCAR executive (also Trans Am) and Ormond Beach Florida resident has formed an LLC and is buying the remains of the ASA. The news article wasn't very clear on the details. 12/12/04 The final chapter in the American Speed Association's history may take place as early as next week when the sanctioning body files for bankruptcy. Sources have told RacingOne during the 17th annual Performance Racing Industry trade show that the troubled ASA will formally file for bankruptcy in the coming days. Neither a series sponsor or potential buyer has been found to save the ASA from finally going under. Series president Steve Dale had promised an answer as to the series' future by December 1st, a deadline that came and passed without any official announcement. Most all of the ASA's in-house staff was laid off weeks ago and only a skeleton crew remains in the sanctioning body's Pendleton, Indiana headquarters. RacingOne [Editor's Note: As predicted, as the NASCAR juggernaut rolls along all other racing series in the USA are seeing sponsor dollars dry up and staying in business is becoming increasingly more difficult. The USA is indeed becoming a NASCAR-only nation.]

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